Investing.com - NatWest Group reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NatWest Group announced earnings per share of £0.1 on revenue of £3.18B. Analysts polled by Investing.com anticipated EPS of £0.064 on revenue of £2.9B.
NatWest Group shares are up 10% from the beginning of the year, still down 3.68% from its 52 week high of £258.10 set on February 3. They are outperforming the STOXX 600 which is down 10.15% from the start of the year.
NatWest Group follows other major Financial sector earnings this month
NatWest Group's report follows an earnings beat by Lloyds Banking on Wednesday, who reported EPS of £0.0207 on revenue of £4.34B, compared to forecasts EPS of £0.0149 on revenue of £4.14B.
Barclays had missed expectations on Thursday with second quarter EPS of £0.064 on revenue of £6.71B, compared to forecast for EPS of £0.0785 on revenue of £6.04B.
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